The price of BTC mining depends on the region

in bitcoin •  7 years ago 

The oldest crypto currency bitcoin is very expensive, and it does not matter whether you buy it on an exchange or mine, with the help of mining, yourself. But in certain countries, its mining will be even more expensive than buying.

The analytical publication Elite Fixtures recently published an indicative list of costs for PoW mining bitcoin, taking into account the average electricity tariffs, as of the beginning of 2018. If you look at this report, then for sure it will immediately rashochetsya anything mined in South Korea, since there only one bitcoin will be released about 26 170 dollars, that is, somewhere several times more expensive than its stock price. The state of Niue (who does not know - this is an island, a small country located in the vast Pacific Ocean) fell into the second place, according to the list, with the necessary expenses for the work of mining equipment, as much as $ 17,566.

In the States averaged, the cost of bitcoin mining is "tightened" by $ 4,758, although it should be noted that much depends on the staff - the difference is significant. For example, in the state of Louisiana, the mining of one bitcoin coin will cost about $ 3,224. In Russia, exactly the same average, a similar indicator - $ 4,675, in the Republic of Belarus - $ 2,177.

But, of course, everyone is more interested in completely different. So, Venezuela is, at the moment, a paradise for all miners. And all because the mining of the same one bitkoin here will cost only 531 dollars, as the supply of electricity, albeit unstable, but still subsidized by the state.

So, which states are now profitable, from the point of view of costs for bitcoin mining, and which absolutely are not.

The most expensive mining in the states:

South Korea - $ 26,170;
Niue - $ 17,566;
Bahrain - $ 16,773;
Solomon Islands - $ 16,209;
Cook Islands - $ 15,861

The most profitable mining in the states:

Venezuela - 531 dollars;
Trinidad and Tobago - $ 1,190;
Uzbekistan - 1788 dollars;
Ukraine - 1,852 dollars;
Myanmar - $ 1983

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